More or less…

May 14, 2010

Nasdaq adds 12 stocks to list of canceled trades

NASDAQOMX/Nasdaq is canceling all trades made between 2:40 p.m. EDT and 3 p.m. EDT on Thursday that deviated more or less than 60 percent away from the consolidated last print in that security at 2:40 p.m. or just before.

Maybe I’m reading it wrong, but where it says “that deviated more or less than 60 percent away ..” .. That means any movement that is not 60% exactly. So virtually ALL trades.

I believe that’s supposed to read to mean “any stock that moved more than 60% above or below ..” ..


You’re right, what we said wasn’t what we meant to say: GBU Editor

A sign for the NASDAQ Market site is seen in New York’s Times Square, February 8, 2010. REUTERS/Shannon Stapleton

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